You don’t understand. This is tech tribal war.

“Big Tech” is Apple, Google, Microsoft, OpenAI and Meta. Companies which were fully allied with the Democrats, and which were king of the tech hill until now.

Musk, Thiel and Ellison (Tesla, Palantir and Oracle) are allied with Trump. Lets call them “Tech B”.

Vance is doing code speak for: Tech B is gonna break Big Tech up and take top spot.

And Big Tech knows this, which is why they are scrambling to get into Trumps good graces and trying to get Trump on their side.

They have more money and influence right now and they are trying to leverage that to keep top spot.

And Trump is just letting the two teams bid up each other for his favour.

I fully agree and in typical American fashion, affirmative action and DEI were just bandaids to quickly solve some of the effects of institutional discrimination, instead of solving it at the root.

Even I, as a very progressive person, don’t like some DEI hires. But the actual problematic DEI hires are not talented people like Kamala Harris. They are connected incompetent people.

I think Clarence Thomas would be a good example. By most accounts he is the most corrupt and incompetent justice, who just happened to run in the right conservative circles.

In the business world, I also see quite a lot of well-connected incompetent people. It used to be white gulf buddies, now it tends to be the white sister-of, or the latina wife-of, the gulf buddy.

Maybe the Trump kids are the best example of DEI hires. Ivanka Trump, anyone?

Extra funds are only useful if they can provide a competitive advantage.

Otherwise those investments will not have a positive ROI.

The case until now was built on the premise that US tech was years ahead and that AI had a strong moat due to high computer requirements for AI.

We now know that that isn’t true.

If high compute enables a significant improvement in AI, then that old case could become true again. But the prospects of such a reality happening and staying just got a big hit.

I think we are in for a dot-com type bubble burst, but it will take a few weeks to see if that’s gonna happen or not.

They have made it harder, but it’s not really hard.

Just buy any regulated crypto and convert. Cake Wallet makes it easy, but there are many other ways.

I myself hold Bitcoin and Monero.

There could be some trickery on the training side, i.e. maybe they spent way more than $6M to train it.

But it is clear that they did it without access to the infra that big tech has.

And on the run side, we can all verify how well it runs and people are also running it locally without internet access. There is no trickery there.

They are 20x cheaper than OpenAI if you run it on their servers and if you run it yourself, you only need a small investment in relatively affordable servers.

True, but training is one-off. And as you say, a factor 100x less costs with this new model. Therefore NVidia just saw 99% of their expected future demand for AI chips evaporate

Even if they are lying and used more compute, it’s obvious they managed to train it without access to the large amounts of the highest end chips due to export controls.

Conservatively, I think NVidia is definitely going to have to scale down by 50% and they will have to reduce prices by a lot, too, since VC and government billions will no longer be available to their customers.

Wth?! Like seriously.

I assume they are running the smallest version of the model?

Still, very impressive.

I disagree.

Like it or hate it, crypto is here to stay.

And it’s actually one of the few technologies that, at least with some of the coins, empowers normal people.

Because the silicon valley bros had convinced the national security wonks in the Beltway that it was paramount for national security, technological leadership and economic prosperity.

I think this will go down as the biggest grift in history.

Kevin Walmsley reported on Deepseek 10 days ago. Last week, the smart money exited big tech. This week the panic starts.

I’m getting big dot-com 2.0 vibes from all of this.

https://youtube.com/@inside_china_business

This, 100%.

I remember when Democrats had a filibuster proof majority under Obama.

And they still failed to pass single payer healthcare, because of former VP candidate Joe Lieberman. Like, talk about lack of party discipline.

Republican politicians at least deliver what they say they will deliver.

I personally think that moment was in 1993, when the Encarta CD was released.

It had a huge amount of information, but it didn’t feel overwhelming.

The internet also didn’t feel overwhelming.

In 2005, I think the internet already felt overwhelming.

But I guess if you weren’t the nerdy type crawling the web, then social media and smartphones were the game changer and I would put the date closer to 2010.